Network Ten


Producers encouraged as CBS buys Ten

Australian producers have reacted with support for a deal that will see US broadcaster CBS acquire Network Ten. The deal was announced yesterday, after CBS effectively decided to convert large debts Ten owed into an equity stake. Others such as Lachlan Murdoch had been circling the struggling business. Screen Producers Australia CEO Matthew Deaner said […]

CBS ‘among nine eyeing Network Ten’

US broadcaster CBS may be in hunt for Australian commercial broadcaster Network Ten. CBS is one of nine potential suitors that are being linked to a takeover of Ten, which remains in administration after its key shareholders refused to back a new financial package. Previous reports have claimed CBS, Ten’s biggest debtor, would be willing […]

Authority investigating Network Ten takeover plan

The Australian Compeition and Consumer Commission (ACCC), is investigating whether a Lachlan Murdoch-led plan to take over commercial channel Ten is legal. Murdoch and fellow Network Ten Holdings shareholder Bruce Gordon yesterday signalled they were planning to take over the business, a month after pooling their respective stakes together. Ten is currently in receivership after […]

Ten enters voluntary administration

Australian commercial broadcaster Network Ten has appointed voluntary administrators after its financial backing collapsed. Administrator KordaMentha has been brought in to undertake a financial assessment of the situation, with a sale or recapitalisation process options on the table. “This decision follows correspondence received from Illyria and Birketu over the weekend, which left the Directors with […]

Ten future in doubt as backers pull out

Australian commercial broadcaster Network Ten is facing receivership after major shareholders Lachlan Murdoch and Bruce Gordon pulled their backing. Ten has ceased trading shares after a letter to the Australian Securities Exchange (ASX) revealed Murdoch’s Illyria and Gordon’s Birketu would stop financing the network on December. Ten has a number of expensive output contracts in […]

Commercial TV licence fees abolished in Oz

Australia’s commercial broadcasters have welcomed a government plan to abolish the television licence fees they currently pay. As of the 2017/18 Australian fiscal year, channels such as Network Seven, Nine and Ten will no longer pay commercial TV licence and datacasting fees, but instead pay a spectrum-based charge. This will reduce their payments from around […]

Ten faces fight for future after A$232m loss

Australia’s third largest TV channel, Network Ten, has warned its future is in danger after recording a huge half-year loss. The company share price continued to fall – it is down 60% in a year – after it posted a first-half loss of A$232 million (US$173.3 million), mainly relating to licence fee writedowns. The broadcaster’s directors […]

Ten lashes out at licence fees

Australian commercial broadcaster Network Ten has issued a profit warning to shareholders, claiming licence fees are threatening the local production sector. In a trading market issued to the Australian Securities Exchange today, Ten revealed it was expecting an earnings before interest, tax, depreciation and amortisation (EBDITA) loss of up to A$5 million (US$3.85 million) for […]

Channel 4 lands Michael Moore’s Trump doc

UK broadcaster Channel 4 has acquired Michael Moore in Trumpland, the new feature doc from the titular filmmaker. In Trumpland, Fahrenheit 9/11 and Bowling for Columbine filmmaker Moore takes his one-man show, which is broadly anti-Trump, into Ohio, the Republican presidential candidate’s heartland with the stated mission to ‘make America sane again’. The film is […]

SLR, ZDFE plot Alice-Miranda series

SLR Productions in Australia and Germany’s ZDF Enterprises have allied to create a children’s series. The pair are attached to develop the 14-part, Australian book series Alice-Miranda as a 26x30mins drama comedy, which will go out on the Nine Network in Australia if it is taken to series. Locally the books have sold 650,000 copies and […]